Thin Film and Printed Battery Market Is Expected to Grow at a CAGR of 24.7% Between 2016 and 2022

Northbrook, IL — 12/07/2017 — The thin film and printed battery market is mainly led by batteries having below 1.5 volts. The thin film and printed battery market is expected to be worth USD 1.25 billion by 2022, growing at a CAGR of 24.7% between 2016 and 2022.

Thin film and printed batteries have supported the growing requirement for miniaturized wearable and healthcare devices and are also implemented in many new applications. On the basis of chargeability, thin film and printed batteries are categorized into rechargeable and single-use batteries. A variety of materials are used to enhance the features and efficiency of the battery, including battery life and bio-compatibility.

On the basis of voltage rating, thin film and printed batteries are categorized into below 1.5 V, between 1.5 V and 3 V, and above 3 V. The growth of this market is propelled by the increasing demand for wearable devices, increasing integration of printed battery solutions in smart textiles and high requirement of thin film and printed battery solutions in the healthcare industry.

STMicroelectronics N.V. (Netherlands), Samsung SDI Co., Ltd. (South Korea), Panasonic Corporation (Japan), Ultralife Corporation (U.S.) are some of the leading players in the thin film battery market. Blue Spark Technologies Ltd. (U.S.), Enfucell Oy Ltd. (Finland), Jenax Inc. (South Korea), Imprint Energy (U.S.), and Flexel LLC (U.S.) are some of the leading players in the printed battery market. New product launches and developments, expansions, contracts, agreements, acquisitions, and partnerships had been the key strategies followed by the major players to gain a competitive edge in the market.

STMicroelectronics N.V. (Netherlands) is engaged in the designing, developing, manufacturing, and marketing of a wide range of semiconductor integrated circuits and discrete devices. The company not only has a wide market presence but also has a diversified product portfolio. STMicroelectronics offers EnFilm thin film batteries which are rechargeable and of a thickness less than 0.25mm, which is ideal for powering the next-generation technology and Internet of Things (IoT).

Besides, the company invests a major proportion of its capital to develop new batteries that are profitable and satisfy the needs of its customers. In 2015, the company launched EnFilm thin film batteries designed for applications such as Internet of Things (IoT), sensors and networks, RFID tags, smart cards, energy storage for harvesting devices, and wearable devices.

Other players involved in the development of thin film and printed batteries include Cymbet Corporation (U.S.), NEC Energy Solutions (U.S.), Ultralife Corporation (U.S.), Excellatron Solid State LLC (U.S.), and ProtoFlex Corporation (U.S.), among others.

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Maria Burns

Maria is a Viral News Editor who graduated from the University Of California. She likes social media trends, being semi-healthy, Buffalo Wild Wings and vodka with lime. When she isn’t writing, Maria loves to travel. She last went to Thailand to play with elephants and is planning a trip to Bali.